Finland · Payments & e-money
Epassi Clearing Oy
Epassi Clearing Oy is a Finnish limited company and part of Epassi Group. The Finnish Financial Supervisory Authority (FIN-FSA) authorises it as a payment institution under the Payment Institutions Act (297/2010). It processes employee and fringe-benefit payments for the Epassi service and remits them to the merchants that accept Epassi. It also provides the Epassi Wallet payment functions to consumers in the Epassi app. Its sister company Epassi Finland Oy contracts with employers. Funds of TA Associates and Warburg Pincus have held a majority of Epassi Group since December 2023.
Licences and registrations
Held by Epassi Clearing Oy (LEI 8945003XY9F2SG7R7A09). 2 entries on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| EBA PSD2 RegisterFinnish Financial Supervisory Authority | Payment institutionPayment Institution | 28722419 | Finland | Active | 2018-06-11 | — |
|
Search the register ↗ |
| EBA PSD2 RegisterFinnish Financial Supervisory Authority | Account information service providerAccount Information Service Provider | 28722419 | Finland | Active | 2020-11-20 | — |
|
Search the register ↗ |
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
Swift network
Swift’s ISO 9362 BIC directory
Holds no BIC in Swift’s directory.
Its LEI is not mapped to a BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Overview
Researched 29 Sep 2026 · Sources
Ownership
Group subsidiary
Firm type
E-money and accounts
Trades as Epassi
- Ownership
- The firm belongs to Epassi Group, and funds of TA Associates and Warburg Pincus have held a majority of the group since December 2023.
- Head office
- Porkkalankatu 22 A, 00180 Helsinki, Finland (registered office: Linnoitustie 11, 02600 Espoo, Finland)
- Company register
- Finnish Trade Register (Business ID) 2872241-9
- Founder
- Risto Virkkala
Online
- Websites & references
- epassi.fi ↗
epassi.com ↗ Epassi Group website
services.epassi.fi ↗ Epassi online service and login portal
support.epassi.fi ↗ customer support centre - Official social accounts
- LinkedIn ↗ · Facebook ↗ · Instagram ↗
Sources · 11 pages consulted
- epassi.fi/terms-of-use
- epassi.fi/yleiset-sopimusehdot-tyonantaja-asiakkaille-022026
- epassi.fi/en/home
- epassi.fi/en/news/epassi-joins-forces-with-smartum-to-strengthen-its-expansion-in-europe
- epassi.fi/sopimusehdot
- epassi.fi/fi/uutiset/epassi-vie-alipayn-pohjoismaihin-ja-baltiaan
- epassi.com/news/ta-and-warburg-pincus-acquire-majority-stake-in-epassi-group-from-bregal-milestone
- ta.com/portfolio/investments/epassi/
- epassi.com/news/epassi-announces-leadership-transition
- businesswire.com/news/home/20251126015983/en/Epassi-Announces-Leadership-Transition
- epassi.com/news/epassi-appoints-three-senior-leaders-to-accelerate-european-growth
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The FIN-FSA authorises the firm as a payment institution under the Payment Institutions Act (297/2010). The EBA register shows the authorisation under number 28722419, covering payment services, acquiring, payment initiation and account information.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Finnish Financial Supervisory Authority (FIN-FSA) Finland | Payment institution | 28722419 | In its own name | Active | epassi.fi ↗ |
| Finnish Financial Supervisory Authority (FIN-FSA) Finland | Account information service provider | 28722419 | In its own name | Active | — |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Safeguarding
- Segregated safeguarding accountsThe firm's terms of use say OwnMoney loads are paid into a customer funds account but do not name the bank that holds it.
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
Products and markets
Researched 29 Sep 2026 · Sources
It settles employee-benefit payments made with the Epassi app to merchants in Finland. It also runs the Epassi Wallet, which holds a prepaid OwnMoney balance and lets users spend partner loyalty points, such as Finnair's.
The Epassi Wallet terms require a Finnish personal identity code and a Finnish bank account. The firm serves users and merchants in Finland.
- Sells to
- Consumers · Enterprises · Small businesses
- Serves customers in
- Finland
Leadership
Researched 29 Sep 2026 · Sources
- Executive
- Nickyl Raithatha Group CEO, Epassi Group (group-level role)
- Executive
- Pekka Rantala Non-Executive Chair, Epassi Group (group-level role)
Recent events
Researched 29 Sep 2026 · Sources
-
Leadership
Epassi Group appointed Phil Jones as Chief Revenue Officer, Ross Seychell as Chief People Officer and Cho Hwang as Chief Technology Officer.
epassi.com ↗ -
Leadership
Epassi Group named Nickyl Raithatha as Group CEO from 2026. Pekka Rantala stays on the board as Non-Executive Chair.
epassi.com ↗ -
Merger / acquisition
Epassi Group acquired the Finnish employee-benefits provider Smartum, and the seller, The Orange Company, became an Epassi shareholder.
epassi.fi ↗ -
Merger / acquisition
TA Associates and Warburg Pincus completed their acquisition of a majority stake in Epassi Group from Bregal Milestone.
ta.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
- Licence no. · EBA-PSD2
- 28722419
- BIC
- Holds no BIC in Swift’s directory
- How the LEI was matched
- Matched by Elucidate to GLEIF on name and country only
- Elucidate firm ID
- 74db98d23767
Profile
- Type
- Payments & e-moneyPayment institutions, e-money and stored-value issuers, and account-information providers. Licensed under payment-services law (e.g. PSD2 in the EU and UK, the Payment Services Act in Singapore). Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Main licence class
- Payment Institution
- Activities
- Payment services
- Card acquiring
- Payment initiation
- Account information
- Licensed in
- Finland · Europe & Central Asia
- First registered
- 2018-06-11
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Addresses
- Address on the register
- Linnoitustie 11, 02600 ESPOO, ESPOO, 02600
- Country
- Finland
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code.
- Identified by
- Name and postal address, with its LEI
- Postal address
- Hybrid: town, postcode and country in their own elements, the rest in one address line
<FinInstnId>
<LEI>8945003XY9F2SG7R7A09</LEI>
<Nm>Epassi Clearing Oy</Nm>
<PstlAdr>
<PstCd>02600</PstCd>
<TwnNm>ESPOO</TwnNm>
<Ctry>FI</Ctry>
<AdrLine>Linnoitustie 11, 02600 ESPOO</AdrLine>
</PstlAdr>
</FinInstnId>- The address line repeats the town or postcode. Remove the repeat if your payment system rejects it.
CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent.
The values are as published by the register. Check them against your own records before use.
Sources & method
Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI.
An institution missing from these registers is not necessarily unregulated.
Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Register for this page
- EBA PSD2 Register—European Banking Authority (EBA) · source ↗ as at 25 September 2026
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
Assess the financial crime risk behind a licence
A licence records what an institution is authorised to do; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks and payment institutions.
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